Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506756
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 16, Problem 3CQ
To determine
Evaluate the economic condition.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Explain why the Three Basic Indicators of Development (Purchasing Power Parity, Indicators of Health, Indicators of Education) are important in a country's economy.
Are rapid economic growth and more equitable distributions of income compatible or conflicting objectives for low-income countries? To put it another way, is rapid growth achievable only at the cost of greater inequalities in the distribution of income, or can a lessening of income disparities contribute to higher growth rates?
In short third world countries are in the trap of those type of problems which creates imbalance in the economy and slow down their process of development.
Chapter 16 Solutions
Macroeconomics: Private and Public Choice (MindTap Course List)
Knowledge Booster
Similar questions
- Explain in detail. How the discovery of new oil reserve in a nation brings a boost in its economic development?arrow_forwardWhen a country moves from reliance on a single commodity (like oil) for export to a larger variety of export commodities, this represents what development strategy? Globalization Diversification Protectionism Capacity-buildingarrow_forwardAnswer true or false • Developing countries typically have low real GDP per capita, high birth rates, low education, and low savings rates. • The money sent home by workers who emigrate from a developing country can benefit the country as a source of foreign exchange, but it can hurt the country if the most skilled and educated professionals are leaving. • As incomes rise there tends to be a shift of labor from the services sector to the industrial sector.arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
Economics: Private and Public Choice (MindTap Cou...EconomicsISBN:9781305506725Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning
Macroeconomics: Private and Public Choice (MindTa...EconomicsISBN:9781305506756Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning
Economics: Private and Public Choice (MindTap Cou...
Economics
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Macroeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning